Peraso Stock Price, News & Analysis

Peraso Inc. (NASDAQ:PRSO) plans to release its second quarter 2022 financial results on August 15, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can join the call by dialing 1-888-506-0062 or +1-973-528-0011 internationally, using the passcode 318507. An archived webcast will also be available through the company's investor page.

Peraso Inc. (NASDAQ:PRSO) announced that Knowledge Resources GmbH is utilizing its Bandwidth Engine 3 (BE-3) memory solution for the KRM-20MSX FPGA acceleration card. This module is showcased at Embedded World 2022 in Germany. The BE-3 provides high-performance SRAM with embedded functions, enhancing the Xilinx Versal Premium VP1202 FPGA capabilities. The BE-3 offers remarkable transaction speeds and flexibility, facilitating advanced applications in memory transactions.

Peraso Inc. (NASDAQ:PRSO) announced a global distribution agreement with Richardson RFPD, enhancing its reach in the 5G mmWave technology market. The agreement allows Richardson RFPD to sell Peraso's RF products, including the PERSPECTUS™ and PRO modules, which operate in the unlicensed 57-71 GHz V-band spectrum, facilitating rapid deployment for various applications like Fixed Wireless and Immersive Video. CEO Ron Glibbery highlighted Richardson's technical support and expertise in system integration, which adds significant value to customer interactions.

Peraso Inc. (NASDAQ:PRSO) announced its participation in two upcoming investor conferences. The Loop Capital Markets' 2022 Investor Conference will be held virtually on June 1, featuring 1x1 meetings with investors. The LD Micro Invitational XII Conference takes place on June 8 at the Four Seasons Hotel in Westlake Village, CA, with a presentation at 9:30 a.m. PT and additional 1x1 meetings. Investors can access a live webcast of the presentation on the company's website.

Peraso Inc. (NASDAQ:PRSO) announced a breakthrough in augmented reality technology through its collaboration with Jorjin Technologies. At COMPUTEX TAIPEI 2022, Jorjin successfully demonstrated its J-Reality J7EF AR Glasses using the Peraso X130 mmWave chipset, designed to enhance seamless wireless video transmission. This partnership will also integrate the chipset into Jorjin's 5G XR Smart Showroom solution, aimed at various applications like Smart Manufacturing and Smart Retail, promising lower latency and improved data communication.

Peraso Inc. (NASDAQ:PRSO) reported a significant financial boost for Q1 2022, with total net revenue of $3.4 million, marking a 205% increase year-over-year. The product revenue reached $3.2 million, driven by higher shipments of mmWave modules and memory IC products. Gross margin improved to 53.3%, up from 43.8% the previous year. Despite the growth, the company faced a GAAP net loss of $6.8 million, although this was an improvement compared to $4.2 million in Q1 2021. Peraso anticipates Q2 revenue between $3.9 million and $4.1 million.

Peraso Inc. (NASDAQ:PRSO) has launched the PRS1520 mmWave beamformer integrated circuit, designed to support 24-44 GHz frequencies and integrate 32 dual-band channels. This advancement is expected to reduce service providers' costs per subscriber significantly. With projections estimating a total addressable market (TAM) of $1.5 billion for mmWave devices by 2025, the PRS1520 targets end-user equipment such as fixed wireless access devices. The product will be available for sampling in Q3 2022, ensuring Peraso remains competitive in the 5G mmWave market.

Peraso Inc. (NASDAQ:PRSO) will present at the Sidoti Micro Cap Virtual Conference on May 11, 2022, at 1:45 p.m. ET. CEO Ron Glibbery and CFO Jim Sullivan will discuss the company's advancements in mmWave technology for 5G networks. Throughout the event, management will also meet with investors. For those interested, a broadcast of the presentation and supporting materials will be accessible on the company's website. Peraso focuses on high-performance wireless technology for various applications, including fixed wireless access and immersive video.

Peraso Inc. (NASDAQ:PRSO) has announced that it will release its Q1 2022 financial results on May 9, 2022, after market closure. A conference call will follow at 1:30 PM PT (4:30 PM ET), led by CEO Ron Glibbery and CFO Jim Sullivan. Investors can access the call through a designated number or via webcast. Additionally, all relevant materials and an archived version of the conference call will be available on the Company's investor relations page post-event. Peraso is recognized for its advanced 5G mmWave technology supporting various applications.